XAUUSD on the 1-hour timeframe is attempting a recovery after finding strong buying interest around the highlighted support area near 4040–4045. Price reacted sharply from this demand zone, suggesting buyers are defending the level and preventing further downside.
The Ichimoku Cloud indicates that price is still trading below the cloud, meaning the broader short-term trend remains cautious. However, if bullish momentum continues, a move toward the resistance zone around 4138–4150 becomes the next likely target.
Bullish Scenario:
Holding above the 4040–4045 support keeps the recovery structure intact.
A break above recent swing highs could accelerate the move toward the marked resistance area.
A successful breakout above 4150 would strengthen the bullish outlook and open the door for higher prices.
Bearish Scenario:
Failure to maintain support around 4040 could invalidate the rebound.
A breakdown below the demand zone may trigger another wave of selling, exposing lower support levels.
Key Levels:
Support: 4040–4045
Resistance: 4138–4150
For now, the focus remains on whether buyers can build enough momentum from support to challenge the overhead resistance. A confirmed breakout or rejection at these key zones will likely determine the next directional move.
The Ichimoku Cloud indicates that price is still trading below the cloud, meaning the broader short-term trend remains cautious. However, if bullish momentum continues, a move toward the resistance zone around 4138–4150 becomes the next likely target.
Bullish Scenario:
Holding above the 4040–4045 support keeps the recovery structure intact.
A break above recent swing highs could accelerate the move toward the marked resistance area.
A successful breakout above 4150 would strengthen the bullish outlook and open the door for higher prices.
Bearish Scenario:
Failure to maintain support around 4040 could invalidate the rebound.
A breakdown below the demand zone may trigger another wave of selling, exposing lower support levels.
Key Levels:
Support: 4040–4045
Resistance: 4138–4150
For now, the focus remains on whether buyers can build enough momentum from support to challenge the overhead resistance. A confirmed breakout or rejection at these key zones will likely determine the next directional move.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
free join my telegram channel
forex channel : t.me/DETOXTRADINGZONE58
daily 5-7 high accuracy signals
Crypto Channel : t.me/DETOXTRADINGZONE58
forex channel : t.me/DETOXTRADINGZONE58
daily 5-7 high accuracy signals
Crypto Channel : t.me/DETOXTRADINGZONE58
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.